KLA-Tencor (KLAC) Releases Q2 Earnings Guidance

KLA-Tencor (NASDAQ:KLAC) updated its second quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.02-2.34 for the period, compared to the Thomson Reuters consensus estimate of $2.23. The company issued revenue guidance of $1.03-1.11 billion, compared to the consensus revenue estimate of $1.08 billion.

A number of brokerages have recently issued reports on KLAC. Deutsche Bank reduced their price objective on shares of KLA-Tencor from $115.00 to $105.00 and set a hold rating for the company in a report on Tuesday. KeyCorp reduced their price objective on shares of KLA-Tencor from $152.00 to $133.00 and set an overweight rating for the company in a report on Tuesday. B. Riley lifted their price objective on shares of KLA-Tencor from $120.00 to $123.00 and gave the company a buy rating in a report on Tuesday. Cowen set a $120.00 price objective on shares of KLA-Tencor and gave the company an outperform rating in a report on Tuesday. Finally, Zacks Investment Research cut shares of KLA-Tencor from a hold rating to a sell rating in a report on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. KLA-Tencor has an average rating of Hold and an average target price of $129.54.

KLA-Tencor stock traded up $6.04 during midday trading on Tuesday, hitting $91.17. 81,044 shares of the stock were exchanged, compared to its average volume of 1,895,286. KLA-Tencor has a 52-week low of $84.59 and a 52-week high of $123.96. The stock has a market cap of $13.50 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 2.25 and a beta of 1.57. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.97 and a current ratio of 3.73.

KLA-Tencor (NASDAQ:KLAC) last released its quarterly earnings results on Monday, October 29th. The semiconductor company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. KLA-Tencor had a net margin of 19.87% and a return on equity of 88.65%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the company earned $1.80 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, analysts predict that KLA-Tencor will post 9.06 EPS for the current fiscal year.

In other KLA-Tencor news, CAO Virendra A. Kirloskar sold 1,535 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $116.69, for a total value of $179,119.15. Following the transaction, the chief accounting officer now directly owns 1,556 shares in the company, valued at $181,569.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bren D. Higgins sold 1,418 shares of the business’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $106.64, for a total transaction of $151,215.52. Following the completion of the transaction, the chief financial officer now owns 1,669 shares in the company, valued at $177,982.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,880 shares of company stock worth $6,075,839. 0.19% of the stock is owned by corporate insiders.

KLA-Tencor Company Profile

KLA-Tencor Corporation designs, manufactures, and markets process control and yield management solutions for the semiconductor and related nanoelectronics industries worldwide. The company offers chip and wafer manufacturing products, including defect inspection and review systems, metrology solutions, in situ process monitoring products, computational lithography software, and data analytics systems for chip manufacturers to manage yield throughout the semiconductor fabrication process.

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Earnings History and Estimates for KLA-Tencor (NASDAQ:KLAC)

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